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environment will remain unfavorable. in addition, the committee believes that the effective supply capacity of the economy is likely to continue to grow slowly over the forecast period. in october, cpi inflation picked up to 2.7%, partly as a result of higher university tuition fees. the committee's best collective judgment of the outlook for cpi inflation is summarized in chart 3 on page 8 of the report and is based on the same assumptions about monetary policy as chart 1. inflation is likely to remain above target for the first part of the forecast period and is higher than in august reflecting recent outturns and the announcement of large increases in household energy prices. further declines in inflation not being checked by price increases in sectors where market influences are weak. the rising student tuition fees alone added over not .3 percentage points to yesterday's inflation figure and do pestic gas and electricity prices are raising faster than wholesale energy prices. such factors are pushing inflation -- >> the point mervyn king is making there that part of the reason inflatio
the average reinsurance rate environment will not change based on sandy loss only. >> what's your take on the insurers generally speaking, do you like them as group, what are issues they need to face to see share outperformance? >> it will some quite some time to get some decent estimates. there's uncertainties in many regards and clearly estimates my tend upwards from the current estimates. we just have had a down ground from a hurricane to a post tropical storm. that means deductibles for homeowners basically will be much smaller and losses may be higher. we also have business interruption basically going up. but for swiss re, we have around 400 million of net cap losses and now a budget of 1.4 billion for that. so it shows that fourth quarter will not be hugely impacted from the storm. the real issue for the industry is low interest rates. recurring yields are coming down and the longer we have low interest rates, the longer recurring yields are really heading down to low levels and impacting roes. that's the real issue. >> travelers, primaries will take the biggest hit. how does th
such as protection of the environment as well as narrowing the gap between rich and poor. but as i said, these are very carefully worded. especially this year. no one wants to say something that is too aggressive or too reformist. because of course there is a pretty powerful group that are against pro market reforms. there are some that benefit, some leaders especially that benefit from the status quo like the officials of state owned enterprises which enjoy some advantages in the form of easier access to loan and less competition. >> if i could ask whether it really matters if the way that we read the tea leaves if it's the reformers or the conservatives here who have more influence in terms of this transition. what he he's the latest view one impact it will have? >> tons of speculation ahead of the roll out on thursday. it's likely going to be a mix of both some reformerses and some conservatives, but you're right in the sense it may not matter in the short term, but long term it will have an impact because some analysts say that the hu jintao administration on the way out did not do
process and with this going on, we will have very difficult environment for investment and growth for the euro area to go ahead. so without clarity where the euro area goes, the environment will be quite difficult. p. >> okay. thanks very much for that. now, he mentioned weakness in europe. that's extending to the u.s. we are seeing futures trying to rebond here, but again, we saw levels of decline in the range of 1.3 to 1.5 yesterday for the major bourses. this morning we're really only getting about 25 points in rebound for the dow jones industrial average. which is thousand sitting at 12,559. the nasdaq and s&p are also showing a little about the of a r rebit of a rebound, but not huge moves. investors digest the growth tigs or lack thereof. spain is trying to move to the up side adding almost 0.3%, so a little better than last time we checked in. the other three down. as we're learning about the slowing of the german economy and the ftse 100, shedding 0.4%, below the 5700 mark. now, we are seeing in the uk a little better, but broadly speaking a mixed picture. we started off s
Search Results 0 to 3 of about 4

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